Jobs and Investments

There’s a core principle that is being missed here: People who can invest do so because they have enough money to make decisions with. They are not living hand-to-mouth, and can decide whether to invest in instrument A or B, something that provides income now or the future, something that has X tax effect or Y, something that is passive or creates new service/industry and new jobs, and whether to do any or all of this in the US or overseas. We have people all over the world, not just in the US, looking at us this way.  Those people are the potential job creators.

All of these decisions are based on the regulatory environment.  Obama sends to these people the constant message: “I hate you, and to get elected I’m going to tell the whole country to hate you too! And I’ll make any regulatory changes I want to make you pay!”

This is not a stable regulatory environment, so people are (out of self defense) making the most short-term, passive, liquid investments possible, in markets that they perceive are the best reward for the risk they’re willing to undertake. Because of the intentional policies of this administration, the best market is often not the US.  And this is not an issue of “unpatriotic” people; many foreign investors have traditionally looked to the US as a safe, stable, reasonable place to put money to work creating wealth for themselves and others. The US is no longer safe, stable or reasonable for this purpose.

But it could be in a month.  Obama could change his approach, decide to build prosperity, and be re-elected. Just declare a moratorium on further regulation and taxes, and as a bonus roll back to the spending of 2008. Convince people of a stable marketplace! The investors will catch on quickly, and within a month the news media would be full of wonderful stories of the new booming economy.

Obama cannot do this, it seems. The very idea apparently sticks in his craw.

===|==============/ Keith DeHavelle